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Agusto & Co. assigns an “Bbb-” rating to Brent Mortgage Bank Limited

Rating releases

Agusto & Co. assigns an “Bbb-” rating to Brent Mortgage Bank Limited. The Rating expires on 30 June 2020.

The rating assigned to Brent Mortgage Bank Limited reflects the Bank’s good capitalisation, adequate liquidity profile and experienced management team. The rating is, however, constrained by weak profitability and a high level of impaired credits. Furthermore, the Bank’s risk management framework requires improvement.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.